Advanced Deposit Account Seminar

To register for the Advanced Deposit Account Seminar, choose the 'Register' button in the right-hand top or bottom of the page.

What is the difference between "joint with rights of survivorship" and "tenants in common"? What is a revocable living trust, and how do we document it? Do we really need a corporate resolution? How do we open accounts for minors? Have you or someone at your credit union asked these questions and others like them? If so, don't miss this seminar.

The focus is on the day the account is opened. It provides hard-to-get state law requirements for ownership and documentation. Attendees learn the "why" behind standard operating procedures. The program also covers CIP procedures and IRS Reporting compliance issues.
 
The manual and the presentation suggest the procedures for standardizing the account opening process. The speaker uses "plain language" and "real-world" examples. Attendee participation is encouraged throughout the program.

What you will learn:
Account Opening Procedures
- Customer Identification
- Verify Depositor Information
- Standardizing Procedures

Taxpayer ID No. Documentation
- Obtaining the Appropriate TIN
- Required Certifications
- Nonresident Alien Requirements

Account Titles
- Individual Accounts
- Single Party Account with Convenience or Authorized Signers
- Informal Trusts
- Uniform Transfers to Minors Act
- Minor Accounts
- Joint Accounts with Rights of Survivorship
- Joint Accounts without Rights of Survivorship
- Payable on Death Accounts
- Funeral Trust Accounts
- Estate Accounts
- Valid Trust
- Pension Plans
- Grantor Trust – Revocable Living Trusts
- Court Appointed Personal Fiduciaries
- Social Security or SSI Representative Payee
- Sole Proprietorships
- Partnerships
- Corporations
- Limited Liability Companies
- Lawyer’s Trust Accounts
- Political Campaign Funds

Proper Documentation
- Personal Accounts
- Business Accounts
- Fiduciary Accounts
- Organizational Accounts
- Powers of Attorney

Handling Requests for Change
- Changes at Request of Customer
- Changes Due to Death
- Adding Owners
- Deleting Owners

Manual
The seminar manual is a comprehensive guide with detailed outlines and sample forms. It serves as a desktop reference for questions relating to the deposit function. Each attendee will receive a manual as part of the registration fee.

Educational Investment:
The Educational Investment is $250. Small CU discount applies when you use your code!

Registration deadline: Thursday, April 11, 2019 

Speaker:

Natalie Straus, CRCM is a Vice President and Senior Consultant at ProBank Austin. Ms. Straus provides consulting services in compliance with an emphasis on deposit operations and issues. Additionally, she performs consumer compliance and fair lending reviews as well as HMDA data integrity reviews for clients of varying degrees of size and complexity, and she presents seminars on various regulatory compliance topics for in-house and association-sponsored programs and schools. Ms. Straus is a graduate of Washington and Lee University in Lexington, Virginia, and the American University, Washington College of Law, in Washington, DC. She is a Certified Regulatory Compliance Manager.

 

Who Should Attend:

This is a comprehensive seminar developed for new accounts personnel, auditors, bookkeepers, operations officers and others who have responsibility for administering customer accounts. It is a fast-paced introduction for the new employee who needs an overview of deposit accounts and is designed to "tie everything together" for experienced personnel. No advance preparation is required.

 

Agenda (All times are local.):

9 – 9:30 a.m.
Registration
9:30 a.m. – Noon
Seminar begins
Noon – 1:00 p.m.
Lunch
1:00 – 4:00 p.m.
Seminar continues


 

 

Registrations cancelled less than five working days before the session date will be subject to a 50 percent cancellation fee.


If you have a disability requiring special services, contact Joe Guilfoy at (317) 594-5313 or
joeg@icul.org prior to the session.

Details

  • When

  • Thursday, April 18, 2019
    9:30 AM - 4:00 PM
    Eastern Time

  • Where

  • Indiana Credit Union League
    5975 Castle Creek Parkway North Drive
    Suite 200
    Indianapolis, Indiana 46250
    (800) 285-5300

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